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Corn and wheat finished mostly lower ahead of the USDA supply and demand report, while soybeans rose modestly on short covering. Corn export inspections trailed last year by a wide margin.
Traders also noted coronavirus effects on demand and South American crop conditions.
Pre-report weakness and lagging export inspections point to softer corn and wheat prices unless the USDA data surprises the market.
brownfieldagnews.comFeb 11, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
